1316 Virgil Place
Los Angeles, CA, 90027
$4,500,000
MLS: 26999095
Beds
28
Baths
20
Sq Ft
7,844
Lot
0.43 ac
Year Built
1922
MLS #
26999095
Days on Market
6
Listed
Oct 8, 2026
Description
We are pleased to present 1316-1324 Virgil Pl, an 18-unit multifamily property of charming 1920s bungalow-style buildings on a large 18,552 SF lot in East Hollywood. The two lots are directly adjacent to and surrounded by property owned by Children's Hospital Los Angeles (CHLA). The property consists of seven charming 1920s bungalow-style buildings (built 1922 to 1924), totaling 7,844 SF, on two contiguous parcels (Lots 35 and 36) with rent roll unit addresses from 1316 to 1324 Virgil Pl. APN 5542-010-016 holds three buildings with 11 units (3,564 SF) and APN 5542-010-017 holds four buildings with 7 units (4,280 SF), per assessor and ZIMAS records. The unit mix is 2 studios, 8 one-bedroom units, 4 two-bedroom units, two 3 bed / 1 bath units and two 3 bed / 2 bath units. 17 of 18 units are occupied; the one vacant unit is a studio (1316 1/4) offered at $1,400. Scheduled rent is $24,776 per month ($297,312 per year), including the vacant studio at its asking rent. All 18 units are subject to the Los Angeles Rent Stabilization Ordinance (RSO). Large rental upside. In-place rents are well below current East Hollywood market rents, offering large rental upside upon unit turnover under the RSO. The lot totals approximately 18,552 SF (0.43 acres), zoned C4-1 with a General Commercial land use designation, in Transit Oriented Communities Tier 3. ZI-2512 (Housing Element Sites) and ZI-2452 (Transit Priority Area) apply to both parcels; ZI-2534 applies to APN 5542-010-017 only. The property sits in East Hollywood near Sunset Boulevard and Vermont Avenue, within the Hollywood Community Plan area and close to Los Feliz and Silver Lake. It is 0.2 miles from the main Children's Hospital Los Angeles campus and Hollywood Presbyterian Medical Center and 0.3 miles from the Metro B Line Vermont/Sunset Station, with a Walk Score of 94 (Walker's Paradise) and a Transit Score of 71 per walkscore.com. No entitlements are in place or implied. Buyer to verify development potential, TOC incentives, replacement obligations and all zoning matters.
Location
Los Angeles, Los Angeles County, CA 90027
Open on Google Maps ↗Listed by: Jordan Petito · Keller Williams Beverly Hills
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$34,716
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $450,000 · Loan: $4,050,000
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $28,041
- Property tax (1.25%)
- $4,688
- Homeowners insurance
- $300
- Mortgage insurance
- $1,688
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $157,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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